HomeIllinoisChampaign CountySavoy
Savoy, Illinois: commercial real estate data.
Savoy is a Census village of 8,968 people across 3.29 square miles of land, in Champaign County. Median household income is $91,966, 59.3 percent of occupied homes are owned, and the SBA record carries 6 7(a) approvals to borrowers here worth $3.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Savoy
What Savoy is
- Census place typevillage
- Land area3.29 sq mi
- Water area0.07 sq mi
- Population per square mile of land2,729
- County holding the largest share of its areaChampaign County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Savoy
How many people live in Savoy
- Population8,968
- Median age38.0
- Population under 182,162
- Share under 1824.1 percent
- Population 65 and over1,740 plus or minus 356
- Share 65 and over19.4 percent plus or minus 4.0
- Households3,699
- Family households2,068
- Share of households that are families55.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Savoy
Income and work in Savoy
- Median household income$91,966
- Per capita income$51,293
- Civilian labor force4,458
- Employed4,396
- Unemployed62 plus or minus 37
- Unemployment rate1.4 percent plus or minus 0.8
- Adults 25 and over6,004
- Adults 25 and over with a high school diploma or higher98.6 percent
- Adults 25 and over with a bachelor degree or higher63.3 percent
- Adults 25 and over with a graduate degree38.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Savoy
Housing in Savoy
- Housing units4,031
- Occupied units3,699
- Vacant units332 plus or minus 171
- Vacancy rate8.2 percent plus or minus 4.2
- Owner occupied2,193
- Renter occupied1,506
- Ownership rate59.3 percent
- Median owner-occupied home value$320,300
- Median gross rent, monthly$1,003
- Annual rent as a share of median income13.1 percent
- Single family units2,282
- Share single family56.6 percent
- Units in buildings of two or more1,749
- Share in buildings of two or more43.4 percent
- Mobile homes0
- Median year structure built1996
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Savoy
How Savoy gets to work
- Workers 16 and over who commute3,566
- Commuting under 15 minutes1,497 plus or minus 329
- Share commuting under 15 minutes42.0 percent
- Commuting 30 minutes or more546 plus or minus 175
- Share commuting 30 minutes or more15.3 percent plus or minus 4.5
- Drove alone74.9 percent
- Carpooled6.5 percent plus or minus 2.9
- Public transport0.3 percent plus or minus 0.6
- Walked0.0 percent
- Worked from home18.3 percent plus or minus 5.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Savoy
SBA loans in Savoy (7(a))
- Approvals6
- Gross approval$3,925,000
- Average approval$654,167
- Median approval$375,000
- Largest approval$1,680,000
- Jobs supported58
- Jobs per approval9.7
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more16.7 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Savoy, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Savoy
SBA loans in Savoy (504)
- Approvals6
- Gross approval$2,427,000
- Average approval$404,500
- Median approval$292,500
- Largest approval$780,000
- Jobs supported42
- Loans with a final outcome4
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Savoy, in any county, FY2010 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Champaign County, not Savoy
Champaign County context, not Savoy figures
- Establishments in Champaign County4,237
- Covered employment, Champaign County94,777
- Average annual pay, Champaign County$64,216
- Housing units permitted, Champaign County565
Every figure in this section is published for Champaign County as a whole and is not a measurement of Savoy.
All Champaign County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Savoy questions, answered from the record.
How many people live in Savoy, Illinois?
8,968, in 3,699 households. Savoy village covers 3.29 square miles of land, which is 2,729 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Savoy in?
Champaign County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Savoy?
$91,966. The median owner-occupied home is valued at $320,300. Median gross rent is $1,003 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Savoy businesses?
6 7(a) approvals totaling $3.9 m since FY2020, across 4 lenders, median approval $375,000, plus 6 504 approvals worth $2.4 m since FY2010. These count approvals to borrowers whose address is in Savoy, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Savoy borrowers get paid back?
No rate is published for Savoy. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Savoy figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Champaign County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Savoy.
Is zoning published for Savoy?
No. Nothing on this page presents parcel level zoning.
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